Oil Steady After Four Weekly Gains as IEA Warns of Price Rises
Oil was steady after advancing for a fourth week on signs of a tightening market, with the International Energy Agency warning of higher prices ahead.
International Energy Agency
Mission Zero calls for long-term consistency
Industrial strategies for clean energy technology manufacturing require an all-of-government approach, closely coordinating climate and energy security imperatives with economic opportunities, warns the International Energy Agency (IEA).
OTC: Worldโs largest oil conference navigates Covid for 2021 return
Navigating Covid restrictions, dodging other energy calendar fixtures and even working around the Houston Texans football team has allowed OTC in Houston to finally get underway this month.
Emissions could hit new record by 2023 without more green spending
Less than 15% of the $2.4 trillion in government spending to support the post-pandemic economic recovery has gone to investments in clean energy, according to the International Energy Agency.
IEA net-zero roadmap has no place for further oil and gas exploration
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed โ beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.
After historic fall, carbon emissions are now coming back fast
Pandemic restrictions in 2020 caused the largest absolute drop in carbon-dioxide pollution from energy use since World War II.
IEA cuts oil demand forecast as new lockdowns temper recovery
The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year.
Chevron seeks bids for huge Thai decommissioning wave
Chevron is seeking contractors for a major retirement campaign across the Gulf of Thailand as the Southeast Asian nation braces for a huge wave of decommissioning.
Oil steady near $43 before OPEC+ meets to assess market
Oil was steady near $43 a barrel in London before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.
IEA says oil market more fragile as resurgent virus hurts demand
The outlook for global oil markets has grown โeven more fragileโ as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.
Covid-19: a turning point for UK jobs
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
Oil rises on view that demand may rebound beyond pre-virus level
Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic.
North Sea can show โresilienceโ amid 25-year low for oil demand, says academic
An Aberdeen energy expert has said the North Sea has an opportunity to demonstrate its โresilienceโ as global oil demand reaches a 25-year low.
Oil demand to fall to a โstaggeringโ 25-year low in April, says IEA
Global oil demand will plunge to its lowest level in 25-years this month, in what the International Energy Agency described as a โstaggeringโ wipeout of nearly a decadeโs growth.
IEA spells it out โ Big Oil must make the Great Transition
Big Oil doesnโt have a choice; either it gets serious about the necessary transition to low carbon energy or mounting public fear fuelled by the impacts of the deepening climate crisis will eventually force drastic change.
โFew signsโ oil firms shifting spending habits to help tackle climate change, IEA warns
Oil and gas companies have provided โfew signsโ that they are willing to devote enough cash to tackling climate change, a new report said.
The 2010s wrecked the planet, but donโt despair yet
The past decade hasnโt done much to inspire optimism about the future of the planet.
UK lacking a tech grip
Ever heard of the International Energy Agencyโs Technology Collaboration Programme? Possibly not. It doesnโt exactly hit the headlines.
Georgiaโs energy transition
As Georgia completes its economic turnaround and builds a closer relationship with the EU, more investment is needed in the energy sector. As an investor in renewable power generation, thorough Silk Road Groupโs Bahkvi 3 hydropower project, I am supporter of Georgiaโs journey towards energy independence. To achieve that, Georgia needs to prove to investors that its energy market is mature, competitive and predictable.
Shell CEO joins global commission on energy efficiency
Shell CEO Ben van Beurden has been unveiled as part of a global commission to help global progress on energy efficiency.
Oil demand to strengthen despite economic slowdown, IEA says
Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.
IEA welcomes return of oil surplus after OPEC production surge
The International Energy Agency welcomed the oil marketโs return to surplus as OPECโs production surge swells global stockpiles and drives prices into a bear market.
US fossil fuel consumption reaches lowest share in a century
U.S. fossil fuel consumption last year reached the lowest share in more than a century as use of renewable energy continued to climb and petroleum use remained well below its 2005 peak.
Crude loses upward momentum amid U.S. output growth worries
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.
IEA cuts UK oil production estimate due to Forties shutdown
The International Energy Agency (IEA) has announced that it will reduce its estimate for UK oil production by 300kb/d for December in reaction to the Forties pipeline closure.